2,200 letters of support for ‘Bitcoin Strategic Reserve’ bill sent to US senators

August 3, 2024 Coin Telegraph

Senator Cynthia Lummis introduced the bill on July 31, which would direct the US government to start a reserve Bitcoin fund.

Over 2,200 letters were sent to United States senators in 48 hours urging them to co-sponsor and support Senator Cynthia Lummis’s newly proposed Strategic Bitcoin Reserve bill.

In a post on X, Lummis expressed gratitude for the support given to the Strategic Bitcoin Reserve bill.

In an Aug. 3 X post, Dennis Porter, founder of the Satoshi Action Fund, said that Democratic Party senators received 1,333 letters, Republican Party senators received 850, and Independents received 41. This bipartisan outreach demonstrates that interest in Bitcoin (BTC) and its potential strategic value crosses political and ideological lines.

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

Spot Bitcoin ETFs See Light Inflows as Grayscale Adds Mini Bitcoin Trust

August 1, 2024 Bitcoin.com

Ark Invest ARKB

On Wednesday, the list of spot bitcoin exchange-traded funds (ETFs) grew from 11 to 12 with the introduction of Grayscale’s Mini Bitcoin Trust. The day’s trading session saw these funds attracting a modest $298,930 in net inflows. Spot Bitcoin ETFs Report Modest Inflows During Tuesday’s trading session, only two spot bitcoin ETFs experienced inflows. Blackrock’s […]

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

Crypto’s Top Gainers: Ecash and Bitcoin Cash Show Strong Weekly Rises

July 29, 2024 Bitcoin.com

Bitcoin

Over the past day, the crypto economy has grown by 2.57%, reaching $2.48 trillion on Monday, July 29. Bitcoin has climbed over 3% since last week, while ether has decreased slightly by over 3% during the same period. The highest gainer this week was ecash (XEC), which increased nearly 17% over the past seven days. […]

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

Grayscale Ethereum Trust ETF net outflows hit $1.5B

July 27, 2024 Coin Telegraph

Grayscale Ethereum Trust ETF net outflows hit .5B

$1.514 billion

Based on the present rate of outflows, ETHE’s Ether reserves could be exhausted within weeks.

Outflows from the Grayscale Ethereum Trust ETF (ETHE) have reached over $1.5 billion, with net outflows of $356 million in a single day on July 26.

According to data from SoSo Value, July 26 proved to be a particularly volatile day for spot Ether (ETH) exchange-traded funds (ETFs), with total net outflows amounting to $163 million.

Grayscale’s newly converted Ethereum Trust ETF has witnessed significant net outflows, with investors withdrawing over $1.5 billion since spot Ether ETFs launched in the United States on July 23.

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

Cryptoquant Report Analyzes Market Impact of New SEC-Approved Ethereum Spot ETFs

July 24, 2024 Bitcoin.com

bitcoin.com

On July 23, 2024, the U.S. Securities and Exchange Commission approved the launch of several ethereum (ETH) spot exchange-traded funds (ETFs), marking a significant development in the cryptocurrency market. The latest report from Cryptoquant delves into the implications and insights surrounding this launch, highlighting key factors investors may want to consider. Cryptoquant Analysis Explores Implications […]

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

Ethereum price will be ‘sensitive’ to ETF inflows in the coming days: Kaiko

July 23, 2024 Coin Telegraph

Coin Telegraph

Another firm estimates that Ether’s price will rise no more than 24% by the end of the year due to underwhelming demand for the spot ETH products.

The price of Ether will likely be “sensitive” to spot Ether ETF inflows in the coming days, as investors will remember lackluster demand for ETH futures products late last year, says crypto analytics firm Kaiko.

“The launch of the futures-based ETH ETFs in the US late last year was met with underwhelming demand, all eyes are on the spot ETFs’ launch with high hopes on quick asset accumulation,” said Kaiko’s head of indices Will Cai in a July 22 market report.

Several spot Ether (ETH) ETFs received their final approval on July 22 and are now set to go live trading on July 23.

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

Digital Assets Thrive in H1 2024, CME and Glassnode Report Finds

July 12, 2024 Bitcoin.com

Bitcoin

Digital assets showed significant growth in the first half of 2024, driven by increased institutional interest and the approval of spot bitcoin ETFs. According to a report from CME Group and Glassnode, these factors have cemented digital assets as a crucial asset class with unique opportunities and inherent risks. Institutional Interest Drives Digital Asset Growth […]

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

Dormant Bitcoin Wallets From 2010-2017 Transfer $294M in June

July 2, 2024 Bitcoin.com

Bitcoin

Long-time bitcoin holders moved a total of 4,681.438 BTC, worth $294 million, from dormant wallets dating from 2010 to 2017. The most significant activity was from addresses created in 2016, with 2,442.302 BTC exchanged across 14 transactions. 4,681 BTC Moved From Long-Inactive Wallets While BTC faced considerable fluctuations in June, bitcoins from long-inactive wallets transacted […]

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

Solana Climbs 8.1% Following Vaneck’s SEC Filing for SOL-Based ETF

June 27, 2024 Bitcoin.com

bitcoin.com

Following Vaneck’s application with the U.S. Securities and Exchange Commission (SEC) to launch a solana-based exchange-traded fund (ETF), solana has appreciated 8.1% against the U.S. dollar. Apart from bitcoin, ethereum, and stablecoins, solana now boasts the highest daily trade volume among all other crypto assets on market aggregation platforms. Vaneck’s ETF Filing Catalyzes Increase in […]

Report: Ted Cruz Aims to Target Crypto Tax Rule With CRA Resolution

Crypto Industry Players in Hong Kong Call for Swift Approval of Bitcoin ETFs

March 13, 2024 Bitcoin.com

bitcoin.com

Authorities in Hong Kong have been urged to approve spot bitcoin exchange-traded funds in order to cement the region’s position as the financial hub of Asia. Industry participants believe that launching this ahead of the U.S. will enhance Hong Kong’s status in the global cryptocurrency market. Approving Spot Ethereum ETFs Ahead the U.S. Players in […]

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